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Espresso Sharekhan Vs Nuvama Wealth: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of Espresso Sharekhan Max Rs 20 per trade while the brokerage of Nuvama Wealth Max Rs 10 per trade. Both the brokers are Discount Brokers. Espresso Sharekhan is having overall higher rating compare to Nuvama Wealth. Espresso Sharekhan is rated 4 out of 5 where Nuvama Wealth is rated only 3.5 out of 5. Number of active customer for Nuvama Wealth is 1,74,590 where number of active customer for Espresso Sharekhan is 20,604. Nuvama Wealth is serving more customer compare to Espresso Sharekhan.

Here we present side-by-side comparison of Espresso Sharekhan vs Nuvama Wealth share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared Espresso Sharekhan vs Nuvama Wealth's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.

Here we present side-by-side comparison of Espresso Sharekhan vs Nuvama Wealth share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared Espresso Sharekhan vs Nuvama Wealth's on

  • Brokerage plans
  • Plan types
  • Customer Service
  • Maintenance fees
  • AMC
  • Trading Platforms
  • Rating
  • Reviews
  • Mobile App
  • Margin/Leverage/Exposure
  • Demat Account
  • Investment Options
  • And many more attributes

This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.

Compare Espresso Sharekhan vs Nuvama Wealth on Service

  Espresso Sharekhan Compare
Espresso Sharekhan
Nuvama Wealth Compare
Nuvama Wealth
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Discount Broker Discount Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX BSE, NSE, MCX, NCDEX
Active Clients 20,604 1,74,590
Broker Overview Espresso, a part of Sharekhan offers the lowest brokerage online trading services at Rs. 20 flat brokerages on profitable intraday trades, and no brokerage on delivery and loss-making trades on the Beta-tested app and desktop trading platforms. One of the leading full-service brokerage firms with a long-standing track record since 2008 offering Free Nuvama Wealth Demat & Trading account + Trade at Rs. 10 flat brokerage charges + free experts research & advisory + Get access to the i...Know more about Nuvama Wealth
Broker Enquiry Request call back from Espresso Sharekhan Request call back from Nuvama Wealth
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Account Opening Charges and AMC

Compare Espresso Sharekhan vs Nuvama Wealth on Trading & Demat Account Opening Charges

Comparison of Espresso Sharekhan with Nuvama Wealth on trading & demat account opening charges and AMC. Trading account opening charges - Nuvama Wealth offer Free account opening where Espresso Sharekhan charges Rs. 354 (Free for limited time) for account opening. Demat AMC charges - Espresso Sharekhan charges Rs. 400 PA AMC for Demat account where Nuvama Wealth charges Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year] AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Espresso Sharekhan with Nuvama Wealth
Charges Espresso Sharekhan Nuvama Wealth
Trading Account Opening Fees Rs. 354 (Free for limited time) Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs. 400 PA Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year]
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Espresso Sharekhan vs Nuvama Wealth on Plan Options

Plans are the most important feature you look when compare Espresso Sharekhan with Nuvama Wealth. This section compare on high level about type of plans offered by brokers. Multiple Plans - Nuvama Wealth provides Multiple Plans where Espresso Sharekhan doesn't offer. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare Espresso Sharekhan with Nuvama Wealth on Plan Options
Plan Types Espresso Sharekhan Nuvama Wealth
Multiple Plans No Yes
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Espresso Sharekhan Nuvama Wealth
Account Opening Request
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Brokerage Charges

Compare Espresso Sharekhan vs Nuvama Wealth on Brokerage Charges

Espresso Sharekhan Brokerage Plan detail - Pay only when you profit is a flat brokerage plan that offers free delivery trading and charges Max Rs. 20 per order brokerage on equity intraday, F&O, commodity, and currency only in case of profit. There will be NIL brokerage fee in case of loss.

Nuvama Wealth Brokerage Plan detail - This plan is available to Online users only. With this plan, Nuvama Wealth is preparing for competition with Discount brokers. Account opening is free and No Demat AMC with this plan.

Brokerage Charges - Compare Espresso Sharekhan with Nuvama Wealth
Brokerage Charges Compare Espresso Sharekhan Nuvama Wealth
Plan Name Pay Only When You Profit Nuvama Lite
Equity Delivery Free Flat Rs. 10 per executed order
Equity Intraday 0.03% or Rs 20 whichever is lower Flat Rs. 10 per executed order
Equity Futures 0.03% or Rs 20 whichever is lower Flat Rs. 10 per executed order
Equity Options Flat Fee Rs 20 Flat Rs. 10 per executed order
Currency Futures 0.03% or Rs 20 whichever is lower Flat Rs. 10 per executed order
Currency Options Flat Fee Rs 20 Flat Rs. 10 per executed order
Commodity Trading 0.03% or Rs 20 whichever is lower 0.01%
Minimum Brokerage NIL NIL
Hidden Charges No Info Not Available
Funding Info Not Available Yes - 24% interest PA
Call & Trade Charges Rs. 50 + GST per order placed through dealing desk Rs 20 per call
Auto Square off Charges Rs. 50 + GST per order placed through dealing desk Rs 20
Brokerage Calculator Brokerage Calculator for Espresso Sharekhan Brokerage Calculator for Nuvama Wealth
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Share Broker's Transaction Charges

Compare Espresso Sharekhan vs Nuvama Wealth on Transaction Charges

Compare Espresso Sharekhan with Nuvama Wealth on transaction charges and PCM fee by segment.

Transaction Charges - Compare Espresso Sharekhan with Nuvama Wealth
Transaction Charges Compare Espresso Sharekhan Nuvama Wealth
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Intraday NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE
Equity Options NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr
Currency Futures NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr
Currency Options NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr
Commodity Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr
Brokerage Charges Complete Brokerage Plans for espresso-sharekhan Complete Brokerage Plans for nuvama-wealth
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Account Features

Compare Espresso Sharekhan vs Nuvama Wealth on Account Features

Compare Espresso Sharekhan with Nuvama Wealth on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - both the brokers offers 2-in-1 account which includes trading and demat account. Algo Trading - Nuvama Wealth offers Algo Trading where Espresso Sharekhan doesn't offers Algo Trading. Margin Funding - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - Nuvama Wealth offers NRI where Espresso Sharekhan doesn't offers NRI Trading.

Account Features - Espresso Sharekhan with Nuvama Wealth
Account Features Compare Espresso Sharekhan Nuvama Wealth
3 in 1 Account No Espresso Sharekhan have 2-in-1 account. Only Demate and Trading account. No Espresso Sharekhan have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading No Yes
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes Yes
Combined Ledger for Equity and Commodity Yes No
Intraday Square-off Time 3:15 PM 3:15PM
NRI Trading No Yes
Other Features NIL NIL
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Trading Platform

Compare Espresso Sharekhan vs Nuvama Wealth on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Espresso Sharekhan and Nuvama Wealth. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.

Trading Platform - Compare Espresso Sharekhan with Nuvama Wealth
Trading Platform Compare Espresso Sharekhan Nuvama Wealth
Desktop Trading Platform Espresso Xtreme Trader
Desktop Demo Desktop Demo Desktop Demo
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) Yes No
Web Trading Platform Yes Yes
Web Trading Detail https://trade.myespresso.com/trading/login https://tlounge.edelweiss.in/Login
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App Espresso Mobile App Nuvama Mobile Trader
Mobile Trading App Demo Espresso Mobile App Demo Nuvama Mobile Trader Demo
Android Mobile App Yes Yes
Android App Download Andriod Espresso Mobile App Download Andriod Nuvama Mobile Trader Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS Espresso Mobile App Download iOS Nuvama Mobile Trader Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Free Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Espresso Sharekhan Equity Intraday and Delivery Brokerage Calculator for Nuvama Wealth
Futures Brokerage Calculator Futures Brokerage Calculator for Espresso Sharekhan Futures Brokerage Calculator for Nuvama Wealth
Options Brokerage Calculator Options Brokerage Calculator for Espresso Sharekhan Options Brokerage Calculator for Nuvama Wealth
Detail Detail on Trading Platforms for espresso-sharekhan Detail on Trading Platforms for nuvama-wealth

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Broker Ratings by Users

Compare Espresso Sharekhan vs Nuvama Wealth on User Rating

  Espresso Sharekhan Nuvama Wealth
  1 Customer Reviews    Rate Espresso Sharekhan 4 Customer Reviews    Rate Nuvama Wealth
Fees Ratings 1.0 2.8
Trading Brokerage Rating 5.0 3.0
Trading Platform Usability 3.0 3.5
Customer Service Ratings 2.0 1.8
Overall Ratings 1.0 2.0
Broker Rating Espresso Sharekhan is Rated 1.0 / 5 based on 1 customer reviews Nuvama Wealth is Rated 2.0 / 5 based on 4 customer reviews
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Investment Offerings

Compare Espresso Sharekhan vs Nuvama Wealth on Investment Offerings

Compare Espresso Sharekhan with Nuvama Wealth on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Both broker offers trading options in Commodity (MCX). Online Mutual Fund Investment - Nuvama Wealth offers online mutual fund investment option where Espresso Sharekhan doesn't offer. Portfolio Management Services (PMS) - Nuvama Wealth provides PMS Service where Espresso Sharekhan doesn't offer

Investment Offerings - Compare Espresso Sharekhan with Nuvama Wealth
Investment Offerings Compare Espresso Sharekhan Nuvama Wealth
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity Yes Yes
Online IPO Application Yes No
Mutual Funds No Yes
Bond / NCD No Yes
ETF Yes Yes
Banking No No
Insurance No Yes
Forex No No
MF SIP Investment No Yes
Equity SIP Investment No Yes
PMS Service No Yes
Other Investment Options SGB, Buyback, IPO NIL
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Order Types

Compare Espresso Sharekhan vs Nuvama Wealth on Order Types

Order Type - Compare Espresso Sharekhan with Nuvama Wealth on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - Nuvama Wealth provides Cover Orders (CO) where Espresso Sharekhan doesn't offer,Cover Orders (CO) is placed an compulsory stop loss and this is a intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Espresso Sharekhan provide Bracket Orders (BO) where Nuvama Wealth doesn't offer.With the name its cleare in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- both offers AMO facilities. The orders are sent to exchange on the next trading day. GTC Orders- Espresso Sharekhan offers Good Till Cancelled (GTC) orders where Nuvama Wealth doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Espresso Sharekhan with Nuvama Wealth
Order Type Compare Espresso Sharekhan Nuvama Wealth
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order No Yes
Bracket order Yes No
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled Yes No
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Customer Service Offered

Compare Espresso Sharekhan vs Nuvama Wealth on Customer Service

Compare Espresso Sharekhan with Nuvama Wealth on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.

Customer Support - Compare Espresso Sharekhan with Nuvama Wealth
Customer Service Compare Espresso Sharekhan Nuvama Wealth
24/7 Customer Service Espresso Sharekhan vs Nuvama Wealth - 24x7 customer support No No
Email Support Espresso Sharekhan vs Nuvama Wealth - Email Support Yes Yes
Onine Live Chat Espresso Sharekhan vs Nuvama Wealth - Onine Live Chat No No
Phone Support Espresso Sharekhan vs Nuvama Wealth - Phone Support Yes Yes
Toll Free Number Espresso Sharekhan vs Nuvama Wealth - Toll Free Number No Yes
Through Branches Espresso Sharekhan vs Nuvama Wealth - Through Branches No Yes
Customer Care Number Espresso Sharekhan vs Nuvama Wealth - Customer Care Number 022 6767 0700 1800 102 3335
Account Opening Process Espresso Sharekhan vs Nuvama Wealth - Account Opening Process 100% online/paperless Online/Paperless
Customer Support Email Espresso Sharekhan vs Nuvama Wealth - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Espresso Sharekhan vs Nuvama Wealth - Knowledge Center/Education https://www.myespresso.com/the-espresso-blog https://www.nuvamawealth.com/investology
Head Office Address Espresso Sharekhan vs Nuvama Wealth - Head Office Address/Corporate Address Sharekhan Comtrade Private Limited
Lodha iThink Techno Campus, 10th Floor, Beta Building,
Off. JVLR, Opp. Kanjurmarg Railway Station, Kanjurmarg (East),
Mumbai - 400 042, Maharashtra.
Edelweiss House,
Off CST Road,
Kalina,
Mumbai - 400098
Website Espresso Sharekhan vs Nuvama Wealth - Company Website https://www.myespresso.com/ https://www.nuvamawealth.com/
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Tips/Research/Reports Published

Compare Espresso Sharekhan vs Nuvama Wealth on Research Reports, Tips

Compare Espresso Sharekhan with Nuvama Wealth on research reports and tips provided by the broker.

Research Reports - Compare Espresso Sharekhan with Nuvama Wealth
  Espresso Sharekhan Nuvama Wealth
Research Mutual Funds Espresso Sharekhan vs Nuvama Wealth - Research Mutual Funds No Yes
Research Equity Reports Espresso Sharekhan vs Nuvama Wealth - Research Equity Reports No Yes
Research ETF Espresso Sharekhan vs Nuvama Wealth - Research ETF No Yes
Daily Market Report Espresso Sharekhan vs Nuvama Wealth - Daily Market Report No Yes
Free Tips Espresso Sharekhan vs Nuvama Wealth - Free Tips No Yes
Quarterly Result Analysis Espresso Sharekhan vs Nuvama Wealth - Quarterly Results No Yes
News Alerts Espresso Sharekhan vs Nuvama Wealth - No Yes
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Demat Account

Compare Espresso Sharekhan vs Nuvama Wealth on Demat Account

Compare Espresso Sharekhan with Nuvama Wealth on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.

Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.

Demat AMC for Nuvama Wealth is Free (₹1500 one time charges) where for Espresso Sharekhan is ₹400 pa. Nuvama Wealth is a better choice in terms of Demat AMC compare to Espresso Sharekhan.

Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.

Transaction charges on debit of ISIN for Espresso Sharekhan is 0.03% (Min ₹30) + ₹5.50 (CDSL Charges) where for Nuvama Wealth is 0.02% of transaction value or ₹20 per transaction whichever is higher.You can see this charges on debit of Equity/Mutual Funds from your demat account.

This section covers about demat charges, demat service and other details

Demat Charges - Compare Espresso Sharekhan with Nuvama Wealth
  Espresso Sharekhan Nuvama Wealth
DP Source CDSL CDSL
DP ID Espresso Sharekhan vs Nuvama Wealth - DP ID CDSL-DP-45 19100
Demat Account Annual Maintenance Charges(AMC) ₹400 pa Free (₹1500 one time charges)
Advance Deposit Rs. 500 Advance which will be adjusted against billing (Optional) .Tariff D-"Deposit Rs. 2999 (refund of deposit Rs. 2000 on closure) NIL
Statutory charges Actual Stamp Paper Charges Nil
Transaction Charges on Debit (Per ISIN) 0.03% (Min ₹30) + ₹5.50 (CDSL Charges) 0.02% of transaction value or ₹20 per transaction whichever is higher
Demat ₹5 per certificate (Min 50 per request) ₹2 per certificate + ₹30 courier charges
Remat ₹50 per certificate or ₹50 for every hundred securities ₹10 for every hundred securities after that ₹10 per request + ₹30 request charges
Pledge Creation 0.03% (Min ₹100) 0.02% of transaction value (Min ₹50)
Pledge Creation Confirmation NIL Nil
Pledge Closure NIL 0.02% of transaction value (Min ₹50)
Pledge Closure Confirmation NIL Nil
Pledge Invocation NIL 0.02% of transaction value (Min ₹50)
Failed Instruction Charges Nil Nil
Other Charges Freeze/De-freeze - ₹25 per transaction
Stock lending & Borrowing - 0.02% of the value of the transaction per request (minimum ₹100)
Client Master changes ₹30 per request
Nil
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Special Offers,Advantages,Disadvantages

Compare Espresso Sharekhan vs Nuvama Wealth on Special Offers and Promotion

Compare Espresso Sharekhan with Nuvama Wealth on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare Espresso Sharekhan vs Nuvama Wealth on Special Offers and Promotion
  Espresso Sharekhan Nuvama Wealth
Pay In and Pay Out Options Espresso Sharekhan vs Nuvama Wealth - Pay In and Pay Out Options Pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS, NEFT or RTGS, Netbanking from Expresso
Pay-out/Fund Withdrawal - Bank Transfer only
Pay-in/adding funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from Terminal X3,Nuvama Web,Mobile Trader.
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time Espresso Sharekhan vs Nuvama Wealth - Payout Time Max 24 hrs except for bank holidays Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges Espresso Sharekhan vs Nuvama Wealth - Bank Supported and Charges Around 31 banks allow instant credit facility with charges of Rs 9 + GST Info Not Available
Bank Detail Nuvama Wealth,
Account Number:EBL1XXXXXXXXX
Bank and Branch: CitiBank, Mumbai
Account Type: Current Account
IFSC Code: CITI0100000
Likes
  • No brokerage on losses.
  • Pay Max Rs. 20 per order brokerage charges across segments.
  • Zero brokerage on cash N carry (CNC) orders (delivery).
  • Zero Demat AMC charges for 1st Year
  • Hassle-free fund transfer via UPI and net banking.
  • Apply for buyback, NFO, and OFS at Rs. 20 per order + GST.
  • Pre-IPO apply feature to apply for IPO.
  • Free mobile app and Binge trading software for active traders.
  • Integrated watchlists, free scanners, quick order placement, and split order functionality.
  • Zero payment gateway charges on Axis, HDFC, ICICI, IDBI, IndusInd, and Kotak Mahindra Bank.
  • EspressoLogy and Learning center to learn about the stock market.
  • Place bracket order (BO) and after-market order.
  • Free GTD (Good Till Date) order
  • Margin trading facility.
  • No hidden charges.

Detail Review...

  • Multiple products; equity, derivatives, IPO, mutual funds, bonds, debt instruments.
  • Trade at Rs 10/order flat brokerage
  • Free Guided Portfolio, an expert-curated basket for investors
  • User-friendly interface of Markets mobile app and TX3 terminal
  • Get free expert research reports and trading tips.
  • Place bracket order, cover order, and GTD order.
  • Investology, is a stock market learning platform for beginners to experts.
  • Margin trading facility.
  • Decent physical presence with branches

Detail Review...

Dislikes
  • Espresso Sharekhan does not offer mutual funds.
  • You cannot open an integrated 3-in-1 account.
  • It does not provide 24*7 customer support.
  • NRI cannot open an account with Espresso Sharekhan.
  • Espresso Sharekhan Trade Booster is 7-day paid stock market learning platform.

Detail Review...

  • NRI trading is not offered.
  • No 3-in-1 account opening services
  • Call & trade and research services are available at additional cost in Lite plan.
  • Brokerage charges are high in the Elite % based pricing plan.

Detail Review...

Special Offers/Promo
Enquiry Open Espresso Sharekhan Account Now>> Open Nuvama Wealth Account Now>>

Last Updated on 2024-01-30T21:07:02+00:00